Japan To Lend Rs 1,817 Cr For Hydel Power Project In Bengal

India and Japan on Friday signed a Rs 1,817 crore loan agreement for the construction of the Turga pumped storage hydel power project at Purulia in West Bengal, an official statement said.

The project will contribute to the industrial development and living standards in the state, the Ministry of Finance said in the statement.

“The objective of the project is to strengthen the capability to respond to fluctuation in supply and demand of power and to improve stability of the power supply by constructing the pumped storage facilities,” the Ministry said. Read more